Rhumbline Advisers lifted its position in shares of The AES Co. (NYSE:AES - Free Report) by 10.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,280,330 shares of the utilities provider's stock after buying an additional 118,223 shares during the quarter. Rhumbline Advisers owned about 0.18% of AES worth $15,902,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of AES. SRS Capital Advisors Inc. lifted its holdings in shares of AES by 190.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,412 shares of the utilities provider's stock worth $31,000 after buying an additional 1,581 shares in the last quarter. Optiver Holding B.V. lifted its holdings in shares of AES by 79.5% during the fourth quarter. Optiver Holding B.V. now owns 2,711 shares of the utilities provider's stock worth $35,000 after buying an additional 1,201 shares in the last quarter. WR Wealth Planners LLC lifted its holdings in shares of AES by 93.3% during the fourth quarter. WR Wealth Planners LLC now owns 2,837 shares of the utilities provider's stock worth $37,000 after buying an additional 1,369 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of AES by 760.4% during the fourth quarter. McIlrath & Eck LLC now owns 3,347 shares of the utilities provider's stock worth $43,000 after buying an additional 2,958 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in AES by 235.4% in the first quarter. Rothschild Investment LLC now owns 3,595 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 2,523 shares in the last quarter. Institutional investors and hedge funds own 93.13% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on AES shares. Susquehanna dropped their price target on AES from $16.00 to $15.00 and set a "positive" rating for the company in a research note on Wednesday, March 5th. Bank of America raised AES from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $11.00 to $13.00 in a research note on Tuesday, March 4th. Argus reaffirmed a "hold" rating on shares of AES in a research note on Tuesday, May 27th. JPMorgan Chase & Co. dropped their price target on AES from $16.00 to $14.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Citigroup dropped their price target on AES from $23.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, AES has a consensus rating of "Moderate Buy" and an average target price of $24.22.
Get Our Latest Research Report on AES
AES Stock Performance
AES stock opened at $10.90 on Friday. The AES Co. has a 12-month low of $9.46 and a 12-month high of $20.63. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The business's 50-day moving average price is $10.60 and its two-hundred day moving average price is $11.55. The stock has a market cap of $7.76 billion, a PE ratio of 7.57, a P/E/G ratio of 0.82 and a beta of 0.96.
AES (NYSE:AES - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.10). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.13 billion. AES had a return on equity of 27.30% and a net margin of 8.34%. The business's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. As a group, analysts expect that The AES Co. will post 1.93 earnings per share for the current fiscal year.
About AES
(
Free Report)
The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
Further Reading
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